Cement News tagged under: Honduras
Cementos Argos 2Q16 US results remain strong17 August 2016, Published under Cement NewsFor the second quarter Cementos Argos' cement volumes decreased by 1.9 per cent, totalling 3.5Mt, as a result of a challenging market environment in Colombia. These results were compensated by the US regional division, where Cementos Argos grew 16.3 per cent. In the ready-mix segment the company sold 3Mm 3 , up 1.1 per cent from the previous year. Cementos Argos registered double-digit growth in revenues, EBITDA and net income, driven by the US, Caribbean and Central America operations an... |
Seizing opportunities08 August 2016, Published under Cement NewsCementos Argos has expanded rapidly over the last decade from a local Colombian company to a multinational cement, concrete and aggregates player, competing successfully in a global business environment. ICR speaks with Cementos Argos’ CEO, Juan Esteban Calle, about the company’s continued rise. Juan Esteban Calle, CEO of Cementos Argos By the end of 2015 Cementos Argos had transformed its operations to encompass nine integrated cement plants in Colombia, three in the US and one... |
Honduras: 5.2% YoY rise in cement price in December 201507 March 2016, Published under Cement NewsThe price of a 42.5kg bag of cement increased to HNL183 (US$8.09) in December 2015, up 5.2 per cent from HNL174 in December 2014, according to the Honduran Chamber of Construction (Chico). However, the price varies between HNL186-188 in the hardware stores of the capital and over HNL190 in other cities, mainly due to differences in transport costs. The latest rise is part of a longer-term trend is advancing cement prices in the country. In December 2011 the price of a 42.5kg bag stood at... |
Honduras: Goldlake invests US$230m in 1.2Mta plant07 August 2015, Published under Cement NewsItaly’s mining company Goldlake will invest US$230m in a new cement plant via its local subsidiary Five Star Mining. The 1.2Mta works in the Agalteca valley will produce sulphate-resistant cement for marine infrastructure projects. The project is currently applying for operating permits following the submission of feasibility and environmental impacts studies. The start of construction is expected this month. Cement from the works will be delivered not only within Honduras, but also sh... |
Honduras: cement price up HNL10.35 in past year24 March 2015, Published under Cement NewsA 42.5kg bag of cement in Honduras has seen its price rise by HNL10.35 (US$0.48) in the past 12 months as the ex-works price was dollarised. In February 2014, the Ministry of Economic Development (SDE) and cement companies agreed to set the price at US$7.60/bag. From February 2014 to March 2015 the price rose from HNL157.10 to HNL167.45/bag. However, regional variations exist. In the capital Tegucigalpa, a bag costs HNL178-180 while in Nacaome and San Lorenzo cement retails at HNL190/... |
Honduran cement price to hold16 January 2015, Published under Cement NewsFollowing a suggestion by Silvio Larios, general manager of the Honduran Chamber of the Construction Industry (Chico), to revise the price of cement, representatives of the cement industry announced that the price of a bag of grey cement will not fall. The manager of Cementos del Norte, Juan Carlos Sikaffy, said most cement producers use coal in the firing of their kilns and not fuel oil. "In the international market these fuels have not dropped in price (coal), because the oil war is am... |
Honduras: Chico calls for lower cement prices14 January 2015, Published under Cement NewsThe Honduran Chamber of the Construction Industry (Chico) has requested cement producers to revise the price of bagged grey cement. Cement companies have maintained the price of HNL168.50 (US$8.02) per 42.5kg in Tegucigalpa with variations from one location to another on the back of transport costs. The monthly economic activity index (IMAE) released by the Central Bank of Honduras reports that construction shrank by eight per cent in October 2014 when compared with a contraction of 4.8 p... |
Five Star Mining to invest US$200m in Honduras14 May 2014, Published under Cement NewsFive Star Mining (FSM) intends to invest US$200m over three years in the Honduran cement and mining industry, according to the country’s Subsecretariat of Environment and Mining. The company has been granted a mining concession and is currently undertaking a feasibility study to establish a cement company. FSM is currently active in the country via iron oxide extraction at Monte Redondo, Agalteca. At present, cement demand in the Central American country exceeds 1.5Mta, but is expecte... |
Honduran authorities to monitor cement prices17 March 2014, Published under Cement NewsThe Secretariat of Economic Development in Honduras announced it will be monitoring cement prices to protect consumers in San Pedro Sula, northern Honduras. Miguel Angel Bonilla of the Consumer Protection Directorate said that apart from monitoring costs of basic products, the performance of the construction industry would also be reviewed. "We have turned the relevant instructions for our team to monitor cement prices, in order to prevent providers from acting to the detriment of con... |
Argos increases cement price in Honduras07 March 2014, Published under Cement NewsArgos Honduras will increase the price of its cement as of Tuesday, 11 March after it received government authorisation to raise prices by HNL8/bag. A 42.5kg bag of Piedra Azul cement will cost HNL168. The company had sought a price hike of eight per cent or HNL11. "We have been meeting with executives from Argos, after more than a month and a half of analysis costs we believe that the company has had significant increases in the structure of its business operations and is able to reque... |